Foxconn sells Lordstown plant for $88 million but keeps EV production running while expanding US growth plans

Foxconn has finalized the sale of its Lordstown, Ohio, factory to Crescent Dune LLC for $88 million, while maintaining operations as a tenant. This move allows Foxconn to reinvest in US-based initiatives, focusing on electric vehicle production and advanced manufacturing. The sale reflects Foxconn's strategy to optimize assets and support growth in key sectors.

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